Fidelity VIP Freedom 2030 Service 2 |
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Release date as of 2024-09-30. Data on page is subject to change. |
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Overall Morningstar Rating™
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What is this?
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As of 2024-09-30 |
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Out of 199 Target-Date 2030 Funds
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Morningstar® Style Box™
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What is this?
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As of 2024-08-31 |
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As of 2024-08-31 |
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Total Fund Assets ($ Mil) |
816.33 |
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Investment Objective & Strategy |
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The investment seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.
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The fund invests in a combination of Fidelity® U.S. equity funds, international equity funds, bond funds, and short-term funds. The adviser allocates assets according to a neutral asset allocation strategy that adjusts over time until it reaches an allocation similar to that of the VIP Freedom Income Portfolio℠, approximately 10 to 19 years after the year 2030. |
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Morningstar Category: Target-Date 2030 |
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Target-date portfolios provide diversified exposure to stocks, bonds, and cash for those investors who have a specific date in mind (in this case, the years 2026-2030) for retirement. These portfolios aim to provide investors with an optimal level of return and risk, based solely on the target date. Management adjusts the allocation among asset classes to more-conservative mixes as the target date approaches, following a preset glide path. A target-date portfolio is part of a series of funds offering multiple retirement dates to investors.
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Fund of Funds: An investment option with mutual funds in its portfolio may be subject to the expenses of those mutual funds in addition to those of the investment option itself. |
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Allocation |
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Bonds |
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US Stocks |
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Non-US Stocks |
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Cash |
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Other |
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% of Net Assets |
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U.S. Stocks |
30.1 |
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Non-U.S. Stocks |
30.9 |
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Bonds |
37.9 |
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Cash |
0.7 |
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Other |
0.4 |
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Total |
100.0 |
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Data through
2024-08-31 |
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Morningstar Equity Sectors |
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% of Stocks |
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Cyclical |
33.47 |
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Basic Materials |
5.52 |
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Consumer Cyclical |
9.19 |
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Financial Services |
17.76 |
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Real Estate |
1.00 |
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Sensitive |
47.18 |
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Communication Services |
6.06 |
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Energy |
3.67 |
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Industrials |
15.11 |
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Technology |
22.34 |
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Defensive |
19.34 |
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Consumer Defensive |
4.18 |
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Healthcare |
13.48 |
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Utilities |
1.68 |
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Data through 2024-08-31 |
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Morningstar Fixed-Income Sectors |
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% Fund |
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Government |
57.27 |
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Corporate |
14.62 |
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Securitized |
15.18 |
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Municipal |
0.01 |
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Cash & Equivalents |
9.09 |
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Derivative |
3.83 |
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% Bonds |
AAA |
83.85 |
AA |
2.76 |
A |
6.37 |
BBB |
7.69 |
BB |
1.55 |
B |
1.61 |
Below B |
0.60 |
Not Rated |
-4.43 |
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Total Number of Stock Holdings |
0 |
Total Number of Bond Holdings |
0 |
% of Net Assets in Top 10 Holdings |
93.03 |
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Turnover % |
(as of 2023-12-31) |
26.00 |
30 Day SEC Yield % |
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Sector |
Country |
Maturity Date |
Market Value ($000) |
% of Net Assets |
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Fidelity VIP Overseas Initial |
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USA |
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159,020 |
19.85 |
Fidelity VIP Investment Grd Bd II Initl |
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USA |
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148,450 |
18.53 |
Fidelity VIP Emerging Markets Initial |
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USA |
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81,736 |
10.20 |
Fidelity VIP Growth Initial |
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USA |
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76,077 |
9.49 |
Fidelity Inflation-Prot Bd Index |
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USA |
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68,602 |
8.56 |
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Fidelity Long-Term Trs Bd Index |
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USA |
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52,392 |
6.54 |
Fidelity VIP Growth & Income Initial |
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USA |
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50,431 |
6.29 |
Fidelity VIP Contrafund Initial |
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USA |
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45,959 |
5.74 |
Fidelity VIP Equity-Income Initial |
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USA |
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36,914 |
4.61 |
Fidelity VIP Value Initial |
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USA |
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25,804 |
3.22 |
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Prepayment (Call), Foreign Securities, Loss of Money, Not FDIC Insured, Country or Region, Index Correlation/Tracking Error, Issuer, Interest Rate, Market/Market Volatility, Equity Securities, Underlying Fund/Fund of Funds, Leverage, Management, Passive Management, Target Date |
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Show Risk Definitions |
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Inception Date: 2005-04-26 |
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Andrew J Dierdorf (2011-06-30) |
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Andrew Dierdorf is co-manager of each fund, which he has managed since October 2009 (other than Fidelity Freedom® Index 2055 Fund, Fidelity Freedom® Index 2060 Fund, and Fidelity Freedom® Index 2065 Fund). He has managed Fidelity Freedom® Index 2055 Fund since June 2011, Fidelity Freedom® Index 2060 Fund since August 2014, and Fidelity Freedom® Index 2065 Fund since June 2019. He also manages other funds. Since joining Fidelity Investments in 2004, Mr. Dierdorf has worked as a portfolio manager. |
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Brett F. Sumsion (2014-01-21) |
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Brett Sumsion is co-manager of each fund, which he has managed since January 2014 (other than Fidelity Freedom® Index 2060 Fund and Fidelity Freedom® Index 2065 Fund). He has managed Fidelity Freedom® Index 2060 Fund since August 2014 and Fidelity Freedom® Index 2065 Fund since June 2019. He also manages other funds. Since joining Fidelity Investments in 2014, Mr. Sumsion has worked as a portfolio manager.
Mr. Sumsion earned his bachelor of arts degree from Brigham Young University and his MBA from The Wharton School at the University of Pennsylvania. He is a CFA charterholder. |
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Fidelity Management & Research Company LLC |
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© Copyright 2024 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or any losses arising from any use of information. Past performance is no guarantee of future performance. |
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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.
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